Triangle Completed at 4th Wave Correction
I have been looking for a way to characterize the choppy move you shaded. I tried a series of wxys but it did not fit. This is a possible analysis. If it is correct it should collapse in a 5 wave move down to end below the start of the structure at least. The D area seems a little off but on the whole it is a good explanation. Another thing is how does a cal for a downmove compare with other currencies? I am still bullish the dollar index so that is supportive. Audusd broke down today - that is supportive.